SMBs fueling economic growth in E+ economies: Zinnov
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE
To get in-depth analysis of 5 key E+ economies , namely India, Indonesia, Malaysia, Philippines & South Africa, Zinnov has released its latest study on emerging economies titled, 'Growing in the E+ Markets' and "research center of excellence (rCOE) for emerging markets".
The report highlights spends and trends in various sectors like Information technology, telecom, retail, automotive, education and healthcare contrasting these 5 economies with the United States, a representative of developed markets.
Praveen Bhadada, Director-Market Expansion, Zinnov, said, "There are 90,000+ large enterprises in E+ countries compared to 41,000 in the US. 112 of the world largest 2,000 companies are headquartered in E+ markets. A base of 75 Million SMBs makes these E+ markets the largest SMB market globally. The per capita GDP in these economies is growing 250% more compared to the US. These are a great indicator which is why E+ markets are becoming a force in reshaping global industry across sectors."
As per the report, the E+ economies demonstrate a strong growth potential outpacing markets such as the US. While Domestic and Foreign Investments are the key growth drivers in these economies, presence of a large number of small and medium businesses is giving the required thrust to the economic growth. The report also highlights that the domestic consumption is rapidly expanding in the E+ economies.......See More
The report highlights spends and trends in various sectors like Information technology, telecom, retail, automotive, education and healthcare contrasting these 5 economies with the United States, a representative of developed markets.
Praveen Bhadada, Director-Market Expansion, Zinnov, said, "There are 90,000+ large enterprises in E+ countries compared to 41,000 in the US. 112 of the world largest 2,000 companies are headquartered in E+ markets. A base of 75 Million SMBs makes these E+ markets the largest SMB market globally. The per capita GDP in these economies is growing 250% more compared to the US. These are a great indicator which is why E+ markets are becoming a force in reshaping global industry across sectors."
As per the report, the E+ economies demonstrate a strong growth potential outpacing markets such as the US. While Domestic and Foreign Investments are the key growth drivers in these economies, presence of a large number of small and medium businesses is giving the required thrust to the economic growth. The report also highlights that the domestic consumption is rapidly expanding in the E+ economies.......See More
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